TAX NEWS - June 2010
Thai Tax: Thai Cabinet Expands Tax Incentives To Boost Tourism Industry
Individuals will be allowed to deduct up to THB15,000 ($463) for expenditure on accommodation bills paid to local hotels from their taxable income when computing their annual personal income tax, the government said in a statement Wednesday.
The incentive is an extension of last week's approval of a THB15,000 tax deduction allowance for individuals buying domestic package tours from local operators.
Thai Ministry of Finance will work on details of the tax scheme.